Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.

The chart below compares the gains for GLD priced in CAD dollars, spot gold nominal, and CGL since its launch on February 16 2010. The white and the light blue line are nominal GLD and CGL. The tracking is very good indeed. Had Canadians bought GLD, that would be purple line. Yellow is the CAD/USD (through the FXC ETF).

(please click to enlarge)

So those are very positive features of CGL. On any significant gold pullback this is worth considering for those interested in gold.